Electra Private Equity has announced the sale of their interest in Kalle, the global manufacturer of artificial sausage casings and sponge cloths, to Clayton Dubilier & Rice LLC. The transaction is subject to regulatory approvals. Upon completion Electra is expected to receive proceeds of £22 million (based on current exchange rates), Together with proceeds from the […]
Caledonia Investments has announced that it has sold its 20% stake in B&W Group Limited (“Bowers & Wilkins”), the designer, manufacturer and distributor of high-end audio equipment, for the sterling equivalent of £24m in cash, together with payment of an accrued dividend of £0.5m, as part of the wider sale of Bowers & Wilkins to EVA […]
Leaf Clean Energy Company has given an update regarding the Company’s investment in Invenergy Wind LLC. As previously announced the Company and Invenergy have a disagreement on certain contractual provisions contained in the operating agreement of Invenergy which can have a significant impact on the value of Leaf’s investment in Invenergy and consequently on the quantum […]
Reconstruction Capital II has published accounts for the year ended 31 December 2015. On 31 December 2015, Reconstruction Capital II Limited (“RC2”) had a total audited net asset value (“NAV”) of EUR37.4m or EUR0.3736 per share on an undiluted basis, a 1.03% decrease over the year. The fully diluted NAV per share was EUR0.2847, an increase of […]
On 31 July 2015, Global Resources announced that it had extended its accounting period from 31 August to 31 December. The rationale behind this move was to better align the company’s accounting period with those of the majority of its investee companies and also the payment periods attaching to its Convertible Unsecured Loan Stock “CULS”. […]
Rights and Issues Investment Trust has announced proposals for the conversion of Capital Shares to Income Shares and amendments to the Company’s articles of association. The company has issued a Circular to shareholders setting out the proposals which will be put to shareholders for approval in general meeting and at class meetings of the holders of […]
The Board of Schroder European Real Estate Investment Trust has announced the company’s fifth investment since listing on 9 December 2015. Contracts have been signed for the purchase of a convenience retail property located in Germany. The asset is a grocery supermarket anchored, multi-let convenience retail centre located in a growing inner urban region of Frankfurt […]
Empiric Student Property has announced that they haves exchanged contracts to acquire, subject to planning, the freehold of a site on Pendennis Rise, Falmouth, at a cost of £2.3 million (excluding fees). The company is in the process of applying for planning permission with the Cornwall County Council for a 287 bed premium student accommodation development […]
3i Infrastructure has today announced two new investments – a €200m investment in TCR, Europe’s largest owner of aircraft ground support equipment and a €5m investment in a PPP backing the regeneration of Hart van Zuid in the Netherlands. 3I Infrastructure will invest approximately €200m, subject to completion adjustments, in TCR, in a consortium with Deutsche […]
Candover Investments has announced the partial realisation of its investment in Technogym S.p.A, which is managed by Arle Capital Partners Limited. The partial realisation follows the initial public offering of Technogym. In the IPO of Technogym, Candover will sell 62.5% of its interest in Technogym for net cash proceeds of £11.7 million. Candover’s remaining interest in Technogym […]
